Forex trading companies australia

Have an opinion on Gold?

Trade the global markets: Forex, CFDs and Gold.

Around-the-clock forex trading — 24 hours a day, five days a week Trade gold, oil and stock indices commission free Start Small: Trade now with a $50 Mini Account.

Low Spreads & Quality Execution.

EUR/USD average spread of 0.2 pips with 88.79% of orders receiving NO slippage or Positive Slippage.

Trade with only $50.

The Mini account lets you start small, and includes tools to help you develop good trading habits, right from the start.

Open an Account.

No Trading Restrictions 1 on CFDs.

Trade AUS200, GER30, Gold, Oil and more with NO trading restrictions 1 and NO minimum stop distance.

Trading on margin involves risk. Losses can exceed deposits.

A single account. Multiple markets.

With FXCM, you can tap into many markets to find potential trading opportunities. You enjoy access to a variety of products like:

AUD/USD EUR/USD USD/JPY GBP/USD.

AUS200 GER30 NAS100 SPX500.

Commodities.

GOLD SILVER OIL COPPER.

Rates & Spreads.

Live Spreads Widget: Dynamic live spreads are the best available prices from FXCM’s No Dealing Desk execution. When static spreads are displayed, the figures are time-weighted averages derived from tradable prices at FXCM from April 1,2017 to June 30,2017. Spreads shown are available on Standard and Active Trader commission-based accounts. Spreads are variable and are subject to delay. The spread figures are for informational purposes only. FXCM is not liable for errors, omissions or delays, or for actions relying on this information.

Looking For a New MT4 Broker?

MetaTrader 4.

Experience no 3rd party bridges. Utilise all Trading Strategies including Scalping. Gain free EAs (Expert Advisors) and free Virtual Private Server (VPS) access with your MT4 account.

Our Top Platform, Built For You.

Trading Station.

Unleash robust chart tools on an award-winning platform — great for technical traders. Explore powerful, preloaded tools like Real Volume, Market Depth, and Trader Sentiment. Customise your experience: Download indicators, create watch lists and custom layouts to adapt the platform for your strategy.

Leading Market Data & Resources.

Forex and CFD Market Data.

Volume, trader sentiment and other ready-to-go trading tools turn FXCM data into powerful market insights.

API Trading.

Connect directly to FXCM's price server. FIX, JAVA, Forex Connect: What are your API Trading needs?

Exclusive Trading Tools.

Access powerful tools: Trading Signals, volume data, trader sentiment and more.

Critical Market News.

Economic Calendar.

Prepare for market events like NFP as soon as they hit the wire.

Time Curr Event Vol atility.

FXCM: An ASIC Regulated Leading CFD & Forex Broker.

Around the world, FXCM offices provide forex and CFD trading services.

We're here for you. Our customer service has won many regional and international awards for being there when you need us, 24/7. Plus, we pride ourselves on meeting strict regulatory and financial standards, so you can feel comfortable as you trade global markets.

So, whether you're new to online trading or you're an experienced investor, FXCM has customisable account types and services for all levels of retail traders. Join FXCM traders around the world.

Need more details before opening your account?

1 FXCM maintains a no re-quote policy. There are no stop/limit restrictions on forex and most of our CFDs products.

In some instances, accounts for clients of certain intermediaries are subject to a markup.

Enhanced CFD Execution: There are no stop and limit restrictions on major indices.

Average Spreads: Time-weighted average spreads are derived from tradable prices at FXCM from July 1,2017 to September 30,2017. The spread figures are for informational purposes only. FXCM is not liable for errors, omissions or delays or for actions relying on this information.

Live Spreads Widget: Dynamic live spreads are the best available prices from FXCM’s No Dealing Desk execution. When static spreads are displayed, the figures are time-weighted averages derived from tradable prices at FXCM from April 1,2017 to June 30,2017. Spreads shown are available on Standard and Active Trader commission-based accounts. Spreads are variable and are subject to delay. The spread figures are for informational purposes only. FXCM is not liable for errors, omissions or delays, or for actions relying on this information.

Mini Accounts: Mini accounts offer 18 CFD instruments and up to 21 currency pairs. FXCM may decide at its sole discretion to add or remove any CFD instruments and currency pairs. Mini accounts default to Dealing Desk execution where price arbitrage strategies are prohibited. FXCM determines, at its sole discretion, what encompasses a price arbitrage strategy. Mini accounts utilising prohibited strategies may be switched to No Dealing Desk execution. Mini accounts settings may also be switched to No Dealing Desk execution at the sole discretion of FXCM in some instances. Mini accounts offer spreads plus mark-up pricing. Spreads are variable and are subject to delay. Mini accounts with equity less than 10,000 CCY have up to 400:1 forex leverage; between 10,000 and 20,000 CCY, up to 200:1 forex leverage; more than 20,000 CCY may be switched to a Standard account with up to 100:1 forex leverage, No Dealing Desk execution, and commission based pricing.

About FXCM.

Popular Platforms.

Launch Software.

More Resources.

Customer Service.

FXCM Policies.

High Risk Investment Warning: Trading FX/CFDs on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to trade FX/CFDs offered by FXCM Australia Pty. Limited ("FXCM AU" or "FXCM Australia") you should carefully consider your objectives, financial situation, needs, and level of experience. By trading, you could sustain a loss in excess of your deposited funds. Before trading FX/CFDs you should be aware of all the risks associated with trading FXCM products and read and consider the Financial Services Guide, Product Disclosure Statement, and Terms of Business issued by FXCM AU. FX/CFDs products are only suitable for those customers who fully understand the market risk. FXCM provides general advice that does not take into account your objectives, financial situation or needs. The content of this website must not be construed as personal advice. FXCM recommends you seek advice from a separate financial advisor. For any questions or to obtain a copy of any documents, contact FXCM at supportfxcm. au. FXCM AU is regulated by ASIC [AFSL 309763]. FXCM AU ACN: 121934432.

FXCM Australia Pty. Limited ("FXCM AU" or "FXCM Australia") is an operating subsidiary within the FXCM group of companies (collectively, the "FXCM Group"). All references on this site to "FXCM" refer to the FXCM Group.

Copyright © 2017 Forex Capital Markets. All rights reserved.

Your browser is out of date!

Update your browser now to view this website correctly. Update my browser now or visit this page on your mobile phone or tablet.

Primary Menu.

As an Australian Forex trader you should put together a very strict checklist that will allow you to carefully match your own wants and demands to any Forex Broker you are thinking of becoming a client of.

By having your own set criteria in regards to what you expect and require from any Forex Brokers you will increase your chance of actually finding such a site online, and should never run into any kinds of problems.

Forex Brokers Reviews.

The main aim of this Forex Trading Australia website is to present to you a range of Forex Brokers reviews that are going to all your to peruse through those review and see what each one has to offer you. This will then enable you to make your own informed decisions on which sites tick all of the right boxes for your requirements.

Not all of the Forex Brokers you will come across online offer Australia based traders everything they are seeking, for whilst the biggest Forex Brokers and the more well known Brokers will offer you plenty of Different Currency Pairings, high leverage rated and lots of different Forex trading platforms, you will often find it is those Brokers offering you a much more personalised service that will appeal to you the most.

We do invite you to have a good look around this website, for making Forex Brokers comparisons may take a lot of time and effort on your part, but it will certainly be time well spent, and as we have more than enough top Australian Forex Brokers listed throughout this site you will have plenty to choose from.

Comparing Trading Platform Features and Forex Brokers Bonuses.

Should you be an experienced Australia based Forex Trader then you probably already have your own preferred trading platform that you tend to use each time you trade Forex online. However, if you are new to the world of currency trading then please do take some time checking out our section of the website dedicated to Comparing Forex Trading Platforms.

You are going to find that you can start trading Forex either using a fully downloadable trading platform, a web browser based trading platform or even by accessing one of the brand new and state of the art mobile trading platforms, that a lot of our featured and top Australia Forex Brokers now have available.

Each trading platform will come with its own unique set of features, and you are going to find that by selecting the one that appeals to your own unique requirements, you will be able to utilize several different trading strategies and adjustable options and settings that will enable you to tailor your own unique and preferred trading sessions.

Australian Forex Traders Checklist.

We will now highlight several aspects of choosing a Forex Broker that you should take note of if you are based in Australia. Below are several of the features you should be looking for being offered by any Forex Broker you may be thinking of joining up to.

Make sure that any Forex Broker you come across listed on our Forex Brokers Australia reviews section of the website offer you all of the following features, for if they do then you are going to find you will have a fully rounded trading experience and should never be inconvenienced or have to make any type of comprise when trading currencies at those sites.

Australian Forex Brokers Banking Options – One aspect of choosing a Forex Broker at which to trade that many Australia based traders often overlook, is that you ought to locate a site that allows and permits you to fund your account using Australian Dollars.

At the very least any Forex Broker should give you a range of deposit and withdrawal options that will not mean you are going to be hit with fees and charges for turning your AUD into the trading currency used by any trading platform.

If you are having to pay lots of additional fees for turning your trading budget into one currency then another set of fees and charges to turn a withdrawal from one currency back into AUD then that is going to constantly eat away at your profits, which is something no currency trader should have to put up with.

We have therefore chosen to list Australian Forex Brokers that offer their clients a wide and very diverse range of banking options. This will allow you to fund your online trading account and make withdrawals from it, safe in the knowledge you are not going to lose any value of winning trades or affect your trading budgets value by being forced to pay high fees and commissions. Licensed and Regulated Australian Forex Brokers – You may be a little dubious in regards to actually becoming an online Forex Trader should you have been reading horror stories of traders who have lost huge amounts of cash when trading a certain Forex Brokers.

With the internet being what it is and as there are now no boundaries in place in regards to which sites you can trade currencies at, it is vitally important that you only sign up to and become a customer of a Forex Broker that is fully licensed and regulated by a recognised licensing jurisdiction.

If you by pass and ignore those trading sites that are based in countries you may never have heard of or who do not hold a full trading license then you are never going to run the risk of being ripped off or scammed.

All of our listed and fully reviewed Australian Forex Brokers found upon this website hold a full trading license in a recognised licensing jurisdiction. This will guarantee your funds are held in a segregated account and you will have the respective licensing authority to call upon should you ever have any unresolved problems trading at any of our top Forex Brokers.

There are enough risks involved with picking the right Forex options to trade in the hope you lock in and make a profit on those trades without you taking any unnecessary risks in regards to the Forex Brokers you are placing those trades at vanishing into the night! Australian Forex Brokers Sign Up Bonuses – There is plenty of value to be had by opening more than one trading account at any of our top Australian Forex Brokers, for each of them are going to offer newly registered traders a range of sign up bonuses which they can take advantage of when they fund their trading accounts for the very first time.

Whilst it is important for any Forex Trader not to be swayed by the size of a sign up bonus, those you will come across can vary in size and value, and as such when you are looking to increase the chances of your making repeated profitable Forex trades, do shop around for the best valued bonus offers.

By sticking to any of the Forex Brokers we have reviewed and have showcased on this website you are going to be safe in the knowledge each site is licensed, regulated and more importantly are not going to give you the run around when it comes to cashing in your trading profits.

We have an in-depth guide which will allow you to compare Forex Brokers bonuses and invite you to take a look at that section of our website, for once you know how to take full advantage of any sign up bonus you can often hedge your trades and be guaranteed of making a profit. Highest Forex Trading Leverage Rates – Finally we would like you to carefully consider the actual leverage rates offered by many of our top Australian Forex Brokers. As you are not actually buying and then selling currency when trading at any of our reviewed Brokers, you will find it is possible to actually find some huge leverage rates on offer depending on which Broker you sign up to.

It is true to say that the concept of Forex Trading may be completely alien to some people, but once you gain a much better understanding of the unique and varied Forex trading opportunities that will become available to you in the online trading environment you may will be interested in giving it a go for yourself.

But please, do spend as much time as is required for you to fully get to grips and understand all of the finer points of trading Forex online, for whilst there can be some huge profits to be made there is always going to be an element of risk when trading Forex online.

This entire website has been designed to give both novice and experienced Australian Forex traders a wealth of valuable information as to not only choosing how to trade Forex online, but also how to master trading currencies, putting into place trading strategies and also enlightening our website visitors on mastering the very fine art of trading Forex online.

Top Forex Brokers in Australia for Forex Trading.

Millions of people from all over the world have been using the internet to invest, trade with the purpose of making profit. Australians are no different, in fact they are one of the most active nations in that respect.

Due to the high levels of internet literacy, internet penetration and the higher average disposable income, paired with the non-restrictive regulatory framework, it is not strange that there is a very large number of Australian citizens who trade forex online.

It is basic economics that if a product or service is in high demand, the supply will tend to increase as well. Therefore, it is obvious why there are so many Australian forex brokers. These companies offer Australian traders a chance to make significant profits. Due to heavy competition, brokers offer lucrative bonus offers and very competitive spreads, in order to attract as many new customers as possible, as well as to keep the current ones.

Deposit: $5 Leverage: 1:500.

Deposit: $100 Leverage: 1:294.

Deposit: $50 Leverage: 1:1000.

Deposit: $50 Leverage: 400:1.

Deposit: $100 Leverage: 200:1.

Deposit: $250 Leverage: 400:1.

The Role of the Australian Securities & Investments Commission.

Australian Securities & Investments Commission (ASIC) is the name of the independent body which is in charge of regulating forex trade in Australia. The body was initially formed in 1991, as the Australian Securities Commission (ASC) and it currently employs over 1,800 people. The remit of this organisation is to protect customers, investors and creditors, on a federal level and make sure that Australia’s financial services laws are enforced and obliged.

ASIC closely follows the situation with the forex brokers that offer trading to Australian citizens, tries to make sure that no unauthorised brokers will trick Australians into thinking that they are legitimate.

There have been debates regarding the risks of leverage trading and a possibility of limiting the leverage that brokers can offer up to a much lower figure has not been ruled out. There are quite a few countries, most notably US and Japan that limit the leverage up to 50:1 and 25:1, respectively, but there are also examples to the contrary. In the UK for example, there aren’t such limitations and currently one can find brokers that offer leverage up to 1000:1. In Australia currently, you can find brokers that offer leverage up to 500:1.

Basic Forex Trading Tips.

Now you know that you have to choose a broker that is licensed by the ASIC, but perhaps you still don’t know enough about forex trade. Making a profit from trading isn’t easy and it sure takes practice and experience to improve your trading skills. But, there are general guidelines that you can follow, which will surely increase your chances of making a profit.

Set a realistic bankroll. Set a maximum percentage of your bankroll that you’ll use for a single trade. Select the currency pairs you plan on trading. Read expert advice, consult various sources, but draw your own conclusions. Don’t chase losses.

Everybody who wants to start trading forex has to understand that it probably won’t become your main source of income and that you need to be very careful with the money you invest in forex. It is best not to use money that you need for something else, and you should definitely not risk your rent/food/utility bills money.

It isn’t very wise to risk your full bankroll on a couple of trades. Make an assessment, set a number of trades you’d like to make per day or per week and then divide the bankroll accordingly. Bear in mind that trading with leverage is risky and you may end up losing most of your initial investment.

That is why the amount has to be small enough so that even a few losses in a row won’t hurt your finances.

Some brokers offer 30 currency pairs, some even more, like 40, 50 or even up to 60. It is not smart to trade a currency pair if you’re not familiar with either currency and it is particularly unwise to trade if you’re not aware with the trade relationships between the respective countries, their economies etc. As an Australian, you probably know most about the Australian dollar and the respective pairs where it is one of the parties. But, it doesn’t mean that you should necessarily trade only Australian dollars.

Most forex brokers offer free learning material such as e-books, video tutorials and even webinars on forex and forex trading. Online you can find a lot of other sources. However, nobody can predict with a full degree of accuracy and nobody can guarantee that you’ll make a profit. If they say they do, they’re lying. Always follow the movement of the price of the gold, it can be a very strong indicator.

Last but definitely not least, just because you’ve lost on your last few trades it doesn’t mean that your next trade will be a profit, the movement of the currency rates is irrespective of your investments. Don’t try to compensate for what you’ve lost by investing even more in your next trade, because you may end up in a vicious circle and eventually lose all your money.

Forex Brokers and Their Offer.

Your chances of making a profit will also be increased if you choose the right forex broker, i. e. the one that offers the best prices, bonuses and leverage. Moreover, the whole trading experience will also be significantly better if you choose the right broker. That is why you should definitely pay attention to the following things, inasmuch as each of them is important to you.

Offered pairs – We already said that some Australian forex brokers offer a large number of pairs. If you intend on trading minor and exotic pairs, then this part of the trade offer will be of extreme importance to you. If you plan on sticking to the most commonly traded pairs, then it won’t be of great significance. Leverage – As you know the leverage is still not limited by law in Australia, therefore you are allowed to trade with a very high leverage, if you’re confident enough. Spread – Most forex brokers make their profit through the spread, the thinner it is the less profit for the broker and more money for the traders. Therefore, it is of extreme importance for every trader to have a broker which offers pretty competitive spreads, so that profits can be maximised/ losses can be minimised. Bonus – Many brokers would offer you an extra amount to trade with right after you register an account, or immediately after you make your first deposit. If it is a First Deposit Bonus, it’ll usually match your first deposit up to a certain amount, whereas if it is a No Deposit Bonus, it will be a fixed amount. By claiming and using the Welcome Bonus (and the other bonuses that a broker may offer), you increase your chances of making a profit, as you get more trading money at your disposal. Deposit and withdrawal options – All registered and licenced brokers ensure and guarantee the safety of the transactions that take place through their website, but some offer fewer options than others. Also, some brokers charge deposit and/or withdrawal fees, whereas others don’t. We don’t have to explain why brokers that offer more options and don’t charge any fees are better. Trading platforms – Most brokers offer their traders a chance to trade and check how their trades go on their mobile devices. In addition to that, most brokers offer more than one platform, where each platform includes different features and options. Some are more complex and are aimed at more experienced traders, whereas options are more basic.

There are some other issues that might be of importance to traders, like customer support, user-friendliness of the trading website and the quality of the learning materials, as most brokers provide at least some sort of tutorials and other useful information regarding forex trading.

No, currently there isn’t a limit applied and many Australian brokers offer leverage as high as 500:1, but there have been several discussions regarding the introduction of a leverage limit and that option hasn’t been ruled out.

Yes, forex trading gains and losses are taxed under Income Tax Assessment Act of 1997, or more specifically, Division 775 and Subdivisions 960 C and D.

Currency gains and losses are subjected to taxation only in the event when they are ‘realised’. According to the legal provisions, there are several realisation events for foreign currency, the following ones – disposal, ceasing to have a right to receive, ceasing to have an obligation to receive/to pay and ceasing to have a right to pay (foreign currency).

Yes, Australian traders who are trading through brokers licenced in Australia will receive their bonuses in Australian dollars.

Due to the unique nature of Australia’s economy which is heavily dependent on the price of commodities that Australia exports. The Australian dollar is pretty independent from other major currencies, but it is highly volatile, which makes it a very interesting currency for speculative traders.

Latests Articles.

Rand Strengthens as Ramaphosa Wins ANC Election.

Yesterday, the Rand strengthened considerably against the.

Best Forex Broker Australia 2017 Comparison.

In October 2017 a comparison was made to find the best forex broker Australia option for high leverage forex trading.

Leverage is a must when currency trading to amplifying relatively small currency movement.

This leads to greater profits or losses when Australian forex trading making understand the risks involved with forex trading critical.

Compare the best forex brokers in Australia below!

Leverage Guaranteed Stops? Cuts Out a Dealing Desk? Speed of Execution? MetaTrader Supported? Avoids Charging Withdrawal Fee? Spread Fee – AUD/USD Minimum Deposit? Regulated In Headquarters In Australia? Promotional Bonus? Payment Methods Reviews.

500:1 From 0.0 Pips $200 Australia.

500:1 From 0.7 Pips No Minimum Australia Up To $10 Per Million Units (USD) Traded Over 25 Million Units.

500:1 From 0.8 Pips $250 Australia.

500:1 From 0.1 Pips $200 Australia Qantas Sign up Bonus (10 QFF Points Per $1 deposited)

300:1 From 1.5 Pips $500 Australia 10% Trading Credit On First Deposit.

IC Markets Is The Best Forex Broker For High Leverage Traders.

On October 8th 2017 our forex broker comparison found IC Markets to be the best forex broker in Australia for traders looking for high leverage as they offer:

The highest leverage of mainstream Australian fx brokers at 500:1 The lowest spreads/fees of any Australian fx broker Fast execution speeds through international servers The two most popular forex platforms including MetaTrader 4 A strong customer service offering.

Skip ahead.

Strategies For Choosing The Best Forex Broker.

Selecting the right forex broker for your trading style and level of expertise is a difficult task. Read our guide on choosing the right forex broker.

What Makes A Good Forex Broker Review Site?

There are a lot of Forex review websites out there but which are the best & most reliable? We sum it up in this guide.

Best Ways To Compare Forex Brokers.

How to find the right broker for you when there are 1000s out there? Read our tips on how to most effectively compare Forex brokers here.

With a maximum leverage level of 500:1, IC Markets offers the equal highest leverage to other top forex brokers such as Pepperstone and CMC Markets.

An example of what 500:1 means is that for every dollar that you trade you can trade an equivalent of $500. This means that for a $100 trade you could trade $50,000 worth of currency so a currency movement of 0.1% would lead to a $50 profit (which in this case would be a 50% profit). Leverage magnifies gains but also the risk profile of trading so it’s best to request the right level for you.

It should be noted that 500:1 is considered globally very high. This is why OANDA only offers 50:1 and IG offers a maximum level of 200:1. The big issue though is when trading with IC Markets or Pepperstone which offer 500:1, an Australian forex trader can request lower levels and change this over time.

IC Markets Offers Some Low ECN Forex Broker Spreads.

There are three accounts offered by IC Markets. The standard account for more beginner/intermediate brokers has no commission on traders and spreads starting from 1.0 pips.

The other two options are ECN forex trading accounts. These are the most popular with advanced traders as they offer some of the lowest pips in Australia with an associated low commission rate.

IC Markets allows forex trading directly with liquidity pools such helping achieve ECN pricing. This means that inter-bank prices are fed from 50+ banks and dark liquidity pools to get Australian traders the best price.

The below table highlights the average and minimum spreads of the true ECN account taken from the IC Markets website on the 08/10/2017.

The low spreads and commissions offered by IC Markets make it one of the leaders when it comes to price in the sector.

IC Markets Offers The Two Most Popular Forex Platforms.

Two platforms are offered for Australian forex traders:

The most popular platform worldwide due to a user friendly interface, advanced graphing tools and the ability to execute advanced trading strategies.

The preferred platform by some experience Australian forex traders, not only does IC Markets at times offer ‘inverse spreads’ it allows for forex robots.

IC Markets allows Australian forex traders to get the most from these forex platforms due to the best hardware and infrastructure setup which is ‘first in its class’. This includes having servers setup near wall street (NY4) for MetaTrader users and in London (LD5) for cTrader users. Having infrastructure so close to the main trading hubs combined financial institution partnerships ensures fast trading with deep liquidity tools.

Additionally, fibre optic connections exist between Australia and these overseas locations to minimise the time to process claims despite the high distance information needs to travel.

Customer Service.

IC Markets offers outstanding customer service for Australian forex traders. The team who provide support have strong currency trading experience and are involve in forex trading themselves (something quite unique within the currency trading industry). Support is 24 hours during weekdays when currency markets are open.

There is also an excellent education section for those new to currency trading to those looking for more advanced strategies or the latest currency market news. Another feature is a set of video tutorials that are useful when getting used to a new platform.

IC Markets is an ECN trader with no trading desk. This essentially means that you deal directly with the currency markets offering lower spreads (Forex rates) and faster execution speeds with the most popular platforms.

Pepperstone has a similar offering but IC Markets has the highest leverage which is why it was the recommended broker. For those who are new to currency trading a broker who offers the highest level of support and education may be a better option such as easy forex. For all other Australian forex traders IC Markets is an excellent broker to meet their needs and trading strategies. View some of our other forex broker reviews here.

The Top 10 Forex Brokers List.

The details 5 forex brokers showed at the top of page is a condensed version of our top 10 forex brokers that are ASIC regulated. This ‘top 10’ best forex broker 2017 table can be viewed below.

Top 10 Forex Brokers.

Indices + Bond Futures.

including 'correlation trader', 'trade terminal' and 'sentiment trader'.

Indices + Precious Metals.

The forex broker was 1st in investment trends for:

- Value For Money.

They also offer other markets including:

- Guaranteed No Slippage.

Apple's AppStore and Google Play .

Also offers guaranteed stop loss orders at a premium on selected trades to prevent slippage.

- Market scanning for risk managment.

- Trading opportunity identification.

Margin Call Warning.

Charting provides features such as:

- 80+ technical indicators.

- Deal Through Charts.

These can be free depending on deposit levels.

Service also includes money transfers for sending currency overseas.

Based on the best 10 forex brokers above, refining the list to determine which forex broker is the best isn’t straightforward. The broker and their platform needs to match the requirements of the currency currency trader. To determine the best forex broker 2017 winners 5 key questions and answers are shown below.

What Is the Best Forex Brokers For Beginners?

Most beginner forex traders require a safe environment with strong risk management tools and transparent trading costs. Based on this EasyMarkets was recommended with the following risk management tools:

Negative Balance Protection ensuring you can’t lose more than the amount you deposited Guaranteed stops on all trades ensuring that slippage doesn’t occur even in high volatility markets DealCancellation allowing a deal to be cancelled within 60 minutes of making the order with no loss.

Another beginner forex broker tool is their fixed spreads. This means that the brokerage costs are known depending on the currency pairing unlike most other brokers which have variable spreads. Transparency over trading costs along with the risk management tools is why the EasyMarkets is the best forex broker for beginners.

What Is The Best ECN Forex Broker?

As highlighted at the top of this page, IC Markets is considered the best ECN forex broker based on their combination of:

High Leverage Of 500:1 True ECN spreads from 0.0 pips The choice of MT4, MT5 or cTrader forex trading paltform Low latency through Equinix Data Center in New York & London.

There are also over 10 advanced trading tools from an alarm manager, correlation matrix/trader, trade terminal, market manager, mini terminal to sentiment trader.

These tools can help analyse the market and then make trades based on market movements.

What Is The Best Forex Broker For Bitcoin?

This looking to trade forex and cryptocurrency should consider Plus500. Unlike other brokers that only offer Bitcoin, Plus500 also offers trading of cryptocurrencies such as:

Offering more than just Bitcoin is not the only feature of Plus500. They also offer up to 1:30 leverage when trading which is high for this trading product which is often volatile.

What Is The Best MT4 Forex Broker?

Pepperstone is the best forex brokers with MT4 platform. It was explains above in the spread section that this MT4 forex broker is a multi-award winner and when it comes to MetaTrader 4 (MT4) they also offer Smart Trader Tools. Based on a minimum $500 AUD equivalent account balance these tools include correlation trader and matrix, market manager, sentiment trader and session map.

Which Is The Best Spread Forex Broker?

Based on the awards given out by investment trends Pepperstone was considered the best spread forex broker. This award is based on 13,000 investors and traders in Australia who voted on categories in November 2016. This included the best forex broker lowest spread category. The picture below shows how they also won several other categories in 2016. It should be noted in 2015 they also won the spread, customer service and satisfaction categories.

How We Compiled The Best Forex Broker Australia List.

The best Australian forex broker comparison table was created on the 08/10/2017 by a panel of individuals who have worked with forex providers for the past four years. A list of suitable criteria was created for customers who are looking for the best high leverage Forex account and the research began to see which brokers conformed to our key best fx broker principles. A key credential for all the best Forex brokers Australia was that they must be certified in Australia due to the important safeguards Australian law provides Aussie traders. Thankfully IC Markets are fully regulated in Australia and have been since 2007 under Australian company number 123289109.

The team completed this Australian forex brokers comparison with the goal of providing forex traders with the best broker based on value and service. Both the final table and this best Australian forex broker recommendation were made based on the data obtained on the Australia trader’s website (which in some cases were validated by the providers). We focused on the biggest fx brokers with local, Australian certifications to avoid issues that some smaller, lesser known brokers have had historically.

Data Integrity And Feedback.

As the above best forex broker Australia comparison table is compiled manually by our team and with no automation, the data may have some inaccuracies due to either the misinterpretation of data or due to Forex websites having updated their company details since (e. g. fees). As this is the case, the trading forex information provided on this forex broker comparison page and on this website should be used for indicative purposes only. Once website users click across from this website to some of the FX Australia brokers listed above they should closely review the information provided on their website including any product disclosure statements. This is to validate any information provided on this website and to ensure this product is suitable for them.

CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your initial deposit, so please ensure that you fully understand the risks involved.